Ethel Bruce
08.01.2024
The Forbes 2023 rankings revealed 2,668 billionaires in a wide variety of industries. While some of them inherited their fortunes, most billionaires worked up a sweat investing in profitable industries or creating profitable industries on their own.
According to the Forbes 2023 ranking, the most billionaires - 393 - are in the finance and investment sector. This promising sector includes Warren Buffett, Berkshire Hathaway, and Changpeng Zhao, known as "CZ," founder of cryptocurrency exchange Binance.
There are 36 new billionaires in the manufacturing sector, including Italian Isabella Seragnoli, heiress and head of packaging company Coesia, which makes packaging for products ranging from cigarettes to cosmetics, and Indian Vivek Jain, whose company Gujarat Fluorochemicals produces industrial chemicals and gases.
The technology sector has not been idle either. Owners of major internet giants (Google, Amazon, Microsoft, Tesla) are well represented in the top 10 richest people. However, new faces are also emerging, notably Canva co-founders Melanie Perkins and Cliff Obrecht, as well as Tang Xiaow, founder of a Chinese artificial intelligence company. Outside of this top ten, is the prestigious sports sector, which boasts 27 billionaires, including just one athlete, Michael Jordan.
This short list will give you an idea of the most promising sectors to invest in.
10 most profitable business sectors in the world
1. Finance and Investments
One of the most promising and profitable industries of the decade. There are more than 393 billionaires in this sector, accounting for 15% of the ranking. Warren Buffett, CEO of Berkshire Hathaway, is the richest person in this sector, owning shares in more than 60 companies, including the famous Duracell and Dairy Queen.
2. Manufacturing
The manufacturing sector is the second most profitable sector in this ranking and He Xiangjian is the richest person in this sector with 337 billionaires. He is the founder of Midea Group, a home appliance manufacturer, with a fortune of $28.3 billion.
3. Technology
Ranked 3rd, this sector is one of the most popular and prominent in the world. Elon Musk, CEO of Tesla, SpaceX and Twitter, leads this sector with a fortune of $196.5 billion. In the same sector are Jeff Bezos, Bill Gates, Larry Ellison, Steve Blamer and many others whose fortune exceeds $100 billion.
4. Fashion and retail
The luxury sector has 250 billionaires, or 9% of the ranking, and the richest representative of this sector is Bernard Arnault. The French owner of LVMH is the second richest person in the world with a fortune of 175.2 billion dollars.
5. Health
This sector deserves everyone's attention, especially since the health sector showed its importance during the Covid-19 pandemic. Indian billionaire Cyrus Poonawalla - leads this sector with the world's largest vaccine manufacturer. There are a total of 217 billionaires working in this sector.
6. Food & Beverages
A very popular sector, even for small businesses and individuals. The advantage of the food and beverage sector is that the demand is eternal. Chinese businessman and billionaire Zhong Shanshan is the richest person in this sector.
He is the CEO of bottled water company Nongfu Spring and listed pharmaceutical company Beijing Wantai Biological Pharmacy. In total, there are 203 billionaires in this sector.
7. Real Estate
The real estate sector, which has 93 billionaires, is controlled by the co-founder of Sun Hung Kai, Chinese businessman Li Shau Kee. His fortune is estimated at $29.3 billion.
8. Diversified
This sector comprises several sub-sectors, including petrochemicals, oil, gas and retail. Among the 180 billionaires in this sector, two names stand out, notably Mukesh Amabani, chairman of Reliances Industries, which has long led the sector with a fortune of $90.7 billion. The company has interests in petrochemicals, oil and gas, retail and telecommunications.
The second name is Gautam Adani. The richest man in the world heads the Adani Group, an Indian multinational conglomerate that operates in agribusiness, coal power, port terminals, logistics and oil.
9. Media and Entertainment
Economic and financial information, press agencies and media - it is through his various subsidiaries that American politician Michael Bloomberg has built his reputation in the media sector. His fortune is estimated at 76.8 billion dollars, which puts him above 109 billionaires in this sector.
10. Energy
The energy sector has the least number of billionaires with 95. The richest person in this sector is Fan Hongwei with a fortune of $18.2 billion, chairman of the board of directors of Hengli Petrochemical, a fiber supplier.
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